Former Prime Minister Raila Odinga has dismissed claims that he is launching a new digital coin called the ” Kenya Token”.

This was after his X account was hacked and a deep fake video of him making the announcement posted.

The video was later pulled and Raila retweeted Moe tweet confirming that his account was hacked.

“Somebody hacked Raila Odinga’s Twitter account and made a deepfake to scam people. Don’t fall for it, it’s a scam,” reads the tweet.

In the fake video, Raila said the coin will strengthen Kenya’s financial systems and support economic growth.

“As the former Prime Minister of the Republic of Kenya, I am proud to announce that we will soon launch a new digital coin, an ambitious step towards strengthening financial systems and supporting sustainable economic growth across Kenya, Africa, and the rest of the world,” Raila said.

Raila said Kenya is ready to embrace the future and the Kenya Token will position the nation at the forefront of Africa’s crypto revolution.

“We are pleased to announce that kenya token will soon launch. A new digital asset aimed at improving our financial system and supporting economic growth. Kenya is stepping up to lead Africa into the crypto revolution, embracing digital finance and shaping a more crypto-friendly future. The Official token will be launched on solana,” he added.

Additionally, Raila explained that the Kenya Token will create an opportunity for the youth to learn, trade and invest in cryptocurrency.

He added that the coin will promote innovation, entrepreneurship and creation of wealth.

“This initiative will empower young people who are creating opportunities to learn, trade, or invest in cryptocurrency. It would also boost innovation, entrepreneurship, and wealth creation with a growing digital economy,” he added.

Raila has also urged Kenyans to join the updates channel https://t.me/KenyaToken

What are Digital Coins

Digital coins are a type of digital currency that exists only in electronic form and is secured using cryptography.

They are typically used for online transactions, investment, or as a medium of exchange, much like traditional money—but they are not issued or controlled by central banks

The Kenyan government has been implementing measures to regulate cryptocurrency trading due to concerns regarding money laundering and terrorism financing. PHOTO/Cio Africa.